Tahoe Blog

$25 lift tickets at Northstar-at-Tahoe…any day in April!!!

January 29th, 2010 Todd

Purchase tickets through tahoe Women’s services before they sell out!!!!…. www.tahoewomenservices.org

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Tahoe Is No.1

January 28th, 2010 Todd

By Lori Preuitt

NBCBayArea.com

updated 2:51 p.m. PT, Wed., Jan. 27, 2010

For the third year in a row Lake Tahoe has been declared the country’s most popular ski destination. It gets the nod because Tahoe gets more air/hotel packages bookings on the Orbitz travel Web site.

The Orbitz news means people from across the country who have to spend thousands of dollars on plane tickets, rental cars and hotel rooms in order to get just one week of skiing choose Tahoe over other mountains. It beat out places like Jackson Hole, Breckenridge, Park City and Vail.

The popularity of skiing and snowboarding is about to jump thanks to a little event that is about to kick off in Vancouver.

This year’s Winter Olympics is sure to up the interest in all snow-related sports.

Locals will be fighting the out-of-towners now that the region has received a good dumping of snow. Resorts from Tahoe to Bear Valley say they got six to eight feet of snow in the past seven days.

Here in the Bay Area, getting to Tahoe is a simple ride up I-80. Hotel rates still apply.

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Tahoe top ski destination in Orbitz ratings

January 28th, 2010 Todd

Whether you’re looking to hit the powder, enjoy world-class spas and boutiques, or experience electric nightlife, the 2010 Orbitz Index has a destination that matches your interests.

For those looking to lead the pack, Lake Tahoe remains the most popular ski destination, taking the top spot on the Orbitz Insider Index for the third consecutive year. While Tahoe might top the list with its 18 ski resorts, Colorado is a force to be reckoned with — five of its resorts make the list. And with an early winter storm season, East Coast skiers don’t have to look far for a winter getaway. Among the many Northeast resorts that have been blanketed many times over this year is Killington, which rounds out the Top 10.

         Orbitz Index - Top 2010 Ski
                 Destinations*
         ---------------------------
    1. Lake Tahoe, CA/NV
    --------------------
    2. Breckenridge, CO
    -------------------
    3. Park City, UT
    ----------------
    4. Vail, CO
    -----------
    5. Winter Park, CO
    ------------------
    6. Aspen / Snowmass, CO
    -----------------------
    7. Jackson Hole, WY
    -------------------
    8. Mammoth, CA
    --------------
    9. Killington, VT
    -----------------
    10. Durango, CO
    ---------------

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Short Sale Approved by Bank on my listing at 416 Country Club!!! :)

January 27th, 2010 Todd

Details…

http://www.tahoereal.net/featured-listing-detail.php?index=4

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Search MLS listings on your iPhone!!!

January 26th, 2010 Todd

Check out this search app…It gives full property details and powerful map interface…enter the following web address in your iPhone browser:

http://www.interorealestate.com/iphone

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Tahoe Racquet Club Listing is in Escrow!!! :)…pending bank approval

January 26th, 2010 Todd

Time to go to work on the bank…

details… http://www.tahoereal.net/featured-listing-detail.php?index=8

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writing an offer :)

January 25th, 2010 Todd

writing an offer

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Tahoe….snow accumulation from the latest wave of storms

January 21st, 2010 Todd

The ski areas will have double this minimum.

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Tahoe….Expediting the foreclosure process

January 20th, 2010 Todd

HUD No. 10-011
Lemar Wooley
(202) 708-0685
FOR RELEASE. Friday. January 15, 2010

HUD TAKES ACTION TO SPEED RESALE OF FORECLOSED PROPERTIES TO NEW OWNERS

Measure to help bring stability to home values and accelerate sale of vacant properties
WASHINGTON – In an effort to stabilize home values and improve conditions in communities where foreclosure activity is high, HUD Secretary Shaun Donovan today announced a temporary policy that will expand access to FHA mortgage insurance and allow for the quick resale of foreclosed properties. The announcement is part of the Obama administration commitment to addressing foreclosure. Just yesterday, Secretary Donovan announced $2 billion in Neighborhood Stabilization Program grants to local communities and nonprofit housing developers to combat the effects of vacant and abandoned homes.
“As a result of the tightened credit market, FHA-insured mortgage financing is often the only means of financing available to potential homebuyers,” said Donovan. “FHA has an unprecedented opportunity to fulfill its mission by helping many homebuyers find affordable housing while contributing to neighborhood stabilization.”
With certain exceptions, FHA currently prohibits insuring a mortgage on a home owned by the seller for less than 90 days. This temporary waiver will give FHA borrowers access to a broader array of recently foreclosed properties.
“This change in policy is temporary and will have very strict conditions and guidelines to assure that predatory practices are not allowed,” Donovan said.
In today’s market, FHA research finds that acquiring, rehabilitating and the reselling these properties to prospective homeowners often takes less than 90 days. Prohibiting the use of FHA mortgage insurance for a subsequent resale within 90 days of acquisition adversely impacts the willingness of sellers to allow contracts from potential FHA buyers because they must consider holding costs and the risk of vandalism associated with allowing a property to sit vacant over a 90-day period of time.
The policy change will permit buyers to use FHA-insured financing to purchase HUD-owned properties, bank-owned properties, or properties resold through private sales. This will allow homes to resell as quickly as possible, helping to stabilize real estate prices and to revitalize neighborhoods and communities.
“FHA borrowers, because of the restrictions we are now lifting, have often been shut out from buying affordable properties,” said FHA Commissioner David H. Stevens. “This action will enable our borrowers, especially first-time buyers, to take advantage of this opportunity.”
The waiver will take effect on February 1, 2010 and is effective for one year, unless otherwise extended or withdrawn by the FHA Commissioner. To protect FHA borrowers against predatory practices of “flipping” where properties are quickly resold at inflated prices to unsuspecting borrowers, this waiver is limited to those sales meeting the following general conditions:
• All transactions must be arms-length, with no identity of interest between the buyer and seller or other parties participating in the sales transaction.
• In cases in which the sales price of the property is 20 percent or more above the seller’s acquisition cost, the waiver will only apply if the lender meets specific conditions.
• The waiver is limited to forward mortgages, and does not apply to the Home Equity Conversion Mortgage (HECM) for purchase program.
Specific conditions and other details of this new temporary policy are in the text of the waiver, available on HUD’s website.